Christopher Wood will increase investment in Zomato by one percentage point. This will be done by cutting investments in Oil and Natural Gas Corporation. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio
By calling out the widespread adoption of private crypto currencies as a risk to monetary stability, the RBI has indicated to the market that its stance will only get harder going forward.
The ministry is also in the process of framing guidelines for discouraging the usage of dark patterns, said Rohit Kumar Singh, secretary, department of consumer affairs which comes under the ministry of consumer affairs.
Dream11 was the only serious contender in the race as Disney Star was the only other company that picked the tender document, a source told ET.
The subject for the meeting is 'Cyber security and rising incidence of cyber/white collar crimes.'
The idea is to foster innovation which will challenge the duopoly of Amazon and Google in the space, a senior government official said. In the works is a design-linked incentive (DLI) scheme by the Ministry of Electronics and Information Technology.
The second-largest electric vehicle fast-charging network in the U.S. says it will add Tesla's connector to its charging stations, another step toward adopting Tesla's plug as the industry standard.
The income-tax department has sent notices to 15 such influencers, who had flaunted their overseas holidays and luxury shopping, for paying zero or "substantially low" tax despite receiving hefty fees from companies whose products they promoted through their posts, a senior official told ET.
Google unveiled a slate of AI tools and technologies for India to support innovation among local developers during its's first-ever Google I/O connect for developers in India in Bengaluru on Wednesday.
The valuations of many major Indian startups have been slashed by VCs and investors. Here’s a look at major startups that saw valuation markdowns recently.
After a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transfer from the firm’s US-based subsidiary to other entities. Further, Byju’s claimed it had fully paid the provident fund dues of its employees, quelling media reports that alleged it was withholding PF monies. This and more in today’s ETtech Morning Dispatch.
TCS was alerted about senior executives breaching corporate code of conduct to give preferential treatment to some recruiters at the company’s RMG (Resource Management Group) division.
Three Arrows was the first major crypto firm to go bankrupt in 2022, brought down by the collapse of cryptocurrencies Luna and TerraUSD in May. It filed for bankruptcy in the British Virgin Islands in late June.
BillionElectric will allocate the funds to two key initiatives — the deployment of electric tarmac buses at the Bengaluru international airport, and the development of a mid-mile e-truck platform. Mid-mile vehicles ply between ports to warehouses.
The filings have been viewed as a vote of confidence for the crypto space, reigniting some retail interest in the industry which had felt renewed pressure after Binance and Coinbase Global, two of the biggest crypto exchanges, came under fire from the U.S. Securities and Exchange Commission.
Scientists at ICAR-Central Marine Fisheries Research Institute's Mangalore Regional Centre have achieved a significant milestone by cultivating Indian Pompano for the first time in Karnataka. The introduction of cage culture in coastal waters has gained popularity, attracting support and benefiting numerous families engaged in the sector.
Etailer briefs merchants on keeping inventory, deals in the pipeline.
The justices turned away an appeal by Apple and Broadcom of a lower court's ruling affirming a trial judge's decision to prevent the companies from contesting the validity of the patents as they defended against the California Institute of Technology's lawsuit.
The deal is valued at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times, Infosys said in a statement.
The CRPF Constable Tradesman Admit Card 2023 has been released, marking a significant step in the recruitment process. With the exam scheduled from July 1 to 13, candidates must download their admit cards from the official website and prepare for the written examination to secure one of the 9,212 vacancies.
The crisis at Byju’s is experienced first-hand by its employees, who now stare at an uncertain future as their employer battles one problem after the other. Indeed, the Byju’s blast radius may singe other businesses, like digital lending. This and more in today’s ETtech Morning Dispatch.
This comes after the country’s largest IT services firm Tata Consultancy Services found senior executives breaching corporate code of conduct to give preferential treatment to some recruiters.
Increasingly, political consultants, election researchers and lawmakers say setting up new guardrails, such as legislation reining in synthetically generated ads, should be an urgent priority.
The ascendance of Tesla's network reflects the system's reputation for reliability, as well as the sluggish expansion of rival EV charging options amid supply chain problems and a ponderous rollout of a giant federal programmre.
The Wall Street Journal reported that a deal between the companies could be completed over the weekend, adding that it was unclear whether the purchase price includes debt.
The District Magistrate of Patna, Dr. Chandra Shekhar Singh, has extended the closure of all private and government schools in the city up to class 12 until June 28 due to the severe heatwave conditions. This is the third time that the school closure in the city has been extended due to the high temperature and humidity affecting the health and life of the children. The India Meteorological Department has declared a severe heatwave in 35 districts of Bihar, with the maximum temperature already reaching 45°C in several districts.
The Telangana State Council of Higher Education (TSCHE) has released the rank card for TS PECET 2023. The Physical Education Common Entrance Test was held from June 16-23, 2023, at Satavahana University, Karimnagar. Candidates can download the rank card from the official website by logging in with their hall ticket number and date of birth. The exam is conducted by Satavahana University and is a common entrance test for admission into B.P.Ed (2 Years) and D.P.Ed. (2 Years) courses for the academic year 2023-2024.
According to market intelligence firm Unearth Insight’s study, India’s $245-billion IT services industry employs around 300,000 people in sales and support functions. Out of this, around 50,000 to 60,000 employees’ work will get impacted over the next three to five years.
Ecommerce major Amazon on Saturday said it plans to invest $15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date.
"A decision to this effect (on inspection) has been taken. The government treats corporate governance as a serious issue. So, if there is any such issue, it needs to be probed," the official said.
The Common PG Entrance Test (CPET-2023) has begun across 21 examination centers in Odisha state. The first day of the ten-day exam saw candidates taking exams in anthropology, geography, Hindi, and MBA. The exam is OMR-based, and candidates must answer objective-type questions for 80 marks.
The National Institute of Open Schooling has announced the NIOS Class 12 Result 2023 for the senior secondary examination that took place from April 6 to May 8, 2023. The results can be downloaded from the official website at results.nios.ac.in by logging in with the enrolment number.
Notably, Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India. "PM's vision for Digital India was way ahead of his time I now see it as a blueprint that other countries are looking to do," Pichai said after meeting Prime Minister Modi.
“Are you really surprised?" an edtech founder said, implying that industry executives have seen this blow-up coming for a while. “This will have an impact on other startups, especially in the current market where money is tight,” the entrepreneur said.
On Friday, US memory-chip maker Micron Technology announced it would set up an outsourced semiconductor assembly and testing plant at Sanand in Gujarat entailing an investment of $2.75 billion. Of this, Micron will invest $825 million, while the rest will be a combination of incentives from the central and state governments.
Paytm, Zomato, Policybazaar, CarTrade, Delhivery script big comeback
The FTC is asking Judge Jacqueline Scott Corley for a preliminary injunction, which would ban Microsoft from completing the deal before the FTC had the chance to argue the case in its internal court.
The May figure, at 204 per million job postings, was also more than double the 2021 level and underscored the buzz around AI, sparked by the runaway success of OpenAI's ChatGPT.
With fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get merchants to opt for their QR codes. But will merchants using Paytm or PhonePe’s black-and-white squares switch to their bank’s quick response codes? Or will it be just another sticker among others crowding their shopfront? This and more in today’s ETtech Morning Dispatch.
These investments will only be restricted to building capabilities and do not include the capital allocated for picking up investments in AI-focused startups,
Based on the complaint, a first information report (FIR) under section 419, 420 of IPC and section 66 (C), 66 (D) was registered against the fraudsters.
The Infosys cofounders’ statement come as big tech companies such as Meta, Google, Amazon and Google had laid off techies in the west in a move to cut down costs.
International Yoga Day is observed worldwide on June 21 to raise awareness about the various benefits of practicing yoga. It was proposed by Prime Minister Narendra Modi during his speech at the United Nations General Assembly in 2014 and was overwhelmingly supported by the UN member states.
According to publication TechCrunch, the move comes as the company begins to phase out activities of its automotive business arm Olx Autos in several areas after a lengthy search for potential buyers and investors.
The move puts HPE into direct competition with cloud computing providers such as Amazon.com, Microsoft Corp and Alphabet Inc's Google.
The macro environment for Indian IT companies persists to be weak with global clients tightening their purse strings and the competition to grab existing deals in the market getting fiercer, company executives said as first quarter of the fiscal draws to a close.
Insurtech startups which mostly operate as insurance intermediaries are pushing for a new set of licences from the IRDAI to set up agencies who can source customers and take risks too.
Over 70% of students joining the MBBS course in top medical colleges this year will be from nine states. The NEET-UG 2023 marks range data, exclusively accessed by TOI, showed that nearly 65% of candidates who scored 400 and above are from eight states — Bihar, Karnataka, Kerala, Maharashtra, Rajasthan, Tamil Nadu, UP and West Bengal. In the 620 and above marks range, Delhi replaces Bihar in top eight.
Speaking on the need for digital transformation at the National Internet Exchange of India's (Nixi) 20th foundation day event in Delhi on Monday, he added that India would be able to achieve its climate goals through digital transformation.
The new AI technology, JLR said, will allow it to monitor its supply chain in real-time and protect the production of its current models and next generation of electric vehicles (EVs).